Analyst, Richard Valera, said, "Globecomm has done a commendable job in our view of growing its business in a difficult Government spending environment and looks on track to deliver far and away the highest Adjusted EBITDA in its history in F2012. While we expect that in F13 a combination of tough comparisons and a still-challenging environment will likely result in more modest growth, with the shares trading at less than 5x F2013E EBITDA we think they remain attractive."

FY12 EPS estimate cut from $1.19 to $1.09 and FY13 from $0.88 to $0.85.

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